Canada calls, 2018 edition

Economist4edb

Yes, Canadian schools are overshooting. Imagine a 140k offer which is about 110k USD but coupled with higher taxes & deductions you get 55k. in your pocket. Coupled with higher cost of living / weather discount that is equivalent to 40k. in the US (not North East or California of course but pretty much everywhere else).
With net USD 40k. offer good luck!

Two seconds of research will reveal that 140K gross in Canada will yield you around 100K net in Canada (depending on province).

If you only take into account taxes, perhaps. But then there are dozens of other items subtracted from your pay. Every Canadian Prof I know was shocked when they received their first paycheck.

That’s cause they never dealt with numbers. They were busy doing theory

Discussing the topic of income tax and other deductions in a thread about calls is plain simply tone deaf.

Many of the JMCs visiting this site would end up with poorly paid Post Docs or VAPs. No, they won't have the luxury of a dental or a pension plan in their contracts. They would have to pay for a private plan costing more than what is being deducted from your paycheque.

Discussing the topic of income tax and other deductions in a thread about calls is plain simply tone deaf.
Many of the JMCs visiting this site would end up with poorly paid Post Docs or VAPs. No, they won't have the luxury of a dental or a pension plan in their contracts. They would have to pay for a private plan costing more than what is being deducted from your paycheque.

The issue is that we are comparing tenure track to tenure track and professional occupations.

Tenure track faculty includes things like health and insurance at reduced costs, a pension plan and tuition for family reduced rate, reduced cost access to campus child care facilities etc.

So there is a very real wage gap between american and candian schools. Its nice to think of less wage inequality as meaning the top 1% earns less. The reality in Canada is the top 20% earn less and u.s. econ phds are usually in salary ranges for top 20÷ and often top 5 or 10%.

Sure you pay CPP and health/dental. But remind me about how much good health insurance is in the USA? And CPP is ultimately your own retirement savings. You probably would be doing that in the US too.

No. Approximate flat tax rate is about 30% on that income, so 140k is ~105k CAD net, which is about 80k USD net.

Yes, Canadian schools are overshooting. Imagine a 140k offer which is about 110k USD but coupled with higher taxes & deductions you get 55k. in your pocket. Coupled with higher cost of living / weather discount that is equivalent to 40k. in the US (not North East or California of course but pretty much everywhere else).
With net USD 40k. offer good luck!

Really?

You are so wrong. It is not just taxes, you pay CPP, EI, WCIB, Union or FA dues, health and dental, life and disability insurance,pension etc. I never see more than 65% of my gross pay.

Yes, Canadian schools are overshooting. Imagine a 140k offer which is about 110k USD but coupled with higher taxes & deductions you get 55k. in your pocket. Coupled with higher cost of living / weather discount that is equivalent to 40k. in the US (not North East or California of course but pretty much everywhere else).
With net USD 40k. offer good luck!

Two seconds of research will reveal that 140K gross in Canada will yield you around 100K net in Canada (depending on province).

No. Use an income tax calculator. You are at between 85k and 95k Canadian dollars from provincial and federal taxes alone and that excludes a lot of additional deductions.

Sure you pay CPP and health/dental. But remind me about how much good health insurance is in the USA? And CPP is ultimately your own retirement savings. You probably would be doing that in the US too.

Healthcare will cost very little to nothing in a US tenure track job, if it's just you who is insured. Adding your spouse and kids is going to cost a lot more. CPP contributions are actually much lower than SS tax in the US. But then the benefits are also much lower.